LOCAL 798 TRAINING CENTER

EIN: 412058689 501(c)(3) Education

TULSA, OK

Total Revenue
$3,079,685
Total Expenses
$3,103,392
Total Assets
$13,287,242
Net Assets
$13,010,379
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
OK
Principal Officer
RENEE VAUSE
Phone
9182804800
Tax Period
2023-01-01 to 2023-12-31

LOCAL 798 TRAINING CENTER, founded in 2003, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. Net assets of $13.0M represent 51 months of operating reserves.

Mission

TO PROVIDE EDUCATION AND TRAINING TO INDIVIDUALS EMPLOYED IN THE PIPELINE INDUSTRY THROUGHOUT THE UNITED STATES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,696,455
Investment Income $377,980
Other Revenue $5,250
TOTAL REVENUE $3,079,685

Expense Breakdown

Grants Paid $13,200
Salaries & Benefits $2,425,755
Fundraising Expenses $0
Program Expenses $3,012,892
Other Expenses $664,437
TOTAL EXPENSES $3,103,392

Year-over-Year Comparison

2023 2022 Change
Revenue $3,079,685 $1,378,009 +1.2%
Expenses $3,103,392 $3,046,260 +0.0%
Net Income $-23,707 $-1,668,251 -1.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
8
Volunteers
7

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$367,713
Total Directors
7
$0
Key Employees
1
$388,174
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL HENDRIX TRUSTEE, CO CHAIRMAN 0.10
Officer Director
$0 $0 $0
JUSTIN WALLACE TRUSTEE, SECRETARY 0.10
Officer Director
$0 $0 $0
ROBERT KIME TRUSTEE 0.10
Director
$0 $0 $0
STEVEN ROONEY TRUSTEE, CHAIRMAN 0.10
Officer Director
$0 $0 $0
RONNIE WISE TRUSTEE 0.10
Director
$0 $0 $0
KELLY OSBORN TRUSTEE 0.10
Director
$0 $0 $0
BOBBY POTEETE TRUSTEE 0.10
Director
$0 $0 $0
RENEE VAUSE DIRECTOR 1.00
Officer
$0 $74,338 $367,713
FARRON HOLLABAUGH DIRECTOR OF TRAINING 40.00
Key Emp
$239,090 $149,084 $388,174
KELLY M JELLISON JR INSTRUCTOR 40.00
Highest
$213,629 $138,736 $352,365
RUSTY LONG INSTRUCTOR 40.00
Highest
$212,826 $138,495 $351,321
JEFFREY CLARK INSTRUCTOR 40.00
Highest
$212,465 $123,170 $335,635
STEVEN SMITH INSTRUCTOR 40.00
Highest
$213,045 $138,560 $351,605
JUSTIN FROMME INSTRUCTOR 40.00
Highest
$209,686 $137,233 $346,919
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,079,685 $3,103,392 $13,287,242 $-23,707
2022 $1,378,009 $3,046,260 $12,781,344 $-1,668,251
2021 $2,364,355 $3,524,784 $15,089,944 $-1,160,429
2020 $2,616,181 $4,017,579 $15,961,947 $-1,401,398
2019 $3,325,305 $4,493,103 $17,445,129 $-1,167,798
2018 $6,876,797 $4,388,119 $18,211,178 $2,488,678
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